Mobile and Contactless Payments Requirements and Interactions
|
|
- Cory Howard
- 6 years ago
- Views:
Transcription
1 Mobile and Contactless Payments Requirements and Interactions Version 1.0 Date: February U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 1
2 About the U.S. Payments Forum The U.S. Payments Forum, formerly the EMV Migration Forum, is a cross-industry body focused on supporting the introduction and implementation of EMV chip and other new and emerging technologies that protect the security of, and enhance opportunities for payment transactions within the United States. The Forum is the only non-profit organization whose membership includes the entire payments ecosystem, ensuring that all stakeholders have the opportunity to coordinate, cooperate on, and have a voice in the future of the U.S. payments industry. Additional information can be found at About the Mobile and Contactless Payments Working Committee The goal of the Mobile and Contactless Payments Working Committee is for all interested parties to work collaboratively to explore the opportunities and challenges associated with implementation of mobile and contactless payments in the U.S. market, identify possible solutions to challenges, and facilitate the sharing of best practices with all industry stakeholders. Legal Notices This document is intended solely as a convenience to its readers, for purposes of providing interested payments industry stakeholders with a better understanding of the mobile and contactless payments landscape. While great effort has been made to ensure that the information in this document is accurate as of the original date of publication, the U.S. Payments Forum cannot guarantee such accuracy, and hereby expressly disclaims all warranties of any kind regarding the information herein, including but not limited to all warranties as to the accuracy, completeness or adequacy of such information. Note that payment industry rules, requirements, policies and procedures are complex, are subject to change, and may impact or be impacted by specific facts, circumstances or other factors. Prior to implementing any product, solution or strategy, appropriate business, legal, professional and technology advisors should be consulted, including payment networks and acquirers. Comments or recommendations for edits or additions to this document should be submitted to: receipt-bestpractices@uspaymentsforum.org. EMV is a trademark owned by EMVCo LLC U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 2
3 Table of Contents 1. Introduction and Objectives Terms and Definitions Stakeholder Groups Descriptions of Types of Mobile Methods Illustrated Stakeholder Interactions Requirements Matrix U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 3
4 1. Introduction and Objectives This document describes how mobile and contactless payments requirements are collected from mobile/contactless payments ecosystem stakeholders. The intent is to garner cross-industry understanding of mobile and contactless payments requirements and best practices and encourage standardization to meet common requirements. The U.S. Payments Forum Mobile and Contactless Payments Working Committee uses a broad definition of mobile and contactless payments to mean all non-contact payment approaches that facilitate convenient, fast and secure payment transactions for consumers. Activities will include all mobile payments approaches (e.g., bar code, QR code, Near Field Communication (NFC), Magnetic Secure Transmission (MST), EMV/Magnetic Stripe Data (MSD) contactless, Bluetooth, in-app, m-commerce browser transactions, other mobile technologies that can be used to enable payment), all form factors (e.g., dual-interface EMV chip cards, mobile devices, wearables and cards on file), and both card and non-card (e.g., faster payments) approaches. The project scope is bounded to mobile payments with POS interactions (in-app or mobile-based browser payment are in scope if they are used at the POS). E-Commerce transactions are out of scope for this document. 2. Terms and Definitions To facilitate a common understanding of terms; the project has listed key terms and definitions specific to mobile payments with POS interactions, including loyalty/reward cards. Refer to the US Payments Forum Mobile and Contactless Payments Glossary for terms and definitions U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 4
5 3. Stakeholder Groups The Mobile and Contactless Payments Working Committee has identified and solicited requirements input from the following industry stakeholder groups. Below is a summary description of each stakeholder group ( who ) and their motivations for mobile payments ( why ). 3.1 Issuers Who: The financial institution that issues payment cards and holds the account or credit line behind the card. Why: Interested in providing the most effective, efficient and secure ways to implement mobile payments for consumers in order to promote account usage. Interested in being able to enroll accounts and process transactions with mobile payments solutions. 3.2 Acquirers/Processors Who: A company (often a third party) appointed by a merchant to handle card transactions for merchant acquiring banks. Why: Interested in promoting the sale of mobile payment and loyalty solutions and services to merchants and providing acquiring services for mobile payments transactions. 3.3 Retail Merchants Who: Entity that accepts payments from customers (i.e., consumers/cardholders) in exchange for goods and/or services and connects to a payment network through an acquirer. There are both overlapping and unique requirements across merchant industries, including retail, petroleum, transit, and unattended systems operators (e.g., ATM, vending). Why: Interested in the use of technology solutions that drive higher revenue, increase staff efficiency, lower costs, and enhance the consumer experience. Solutions must include a secure payment process that (a) prevents fraudulent transactions and (b) prevents theft of card/cardholder data. A merchant wants its customers to trust the merchant s system enough so that the customer is willing to use his/her electronic payment device U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 5
6 3.4 Payment Networks Who: A payment network provides POS and ATM services for credit, debit, ATM and prepaid card issuers and corresponding transaction acquirers. It establishes participation requirements, operating rules and technical specifications under a common brand(s) for the purpose of receiving, routing, securing authorization for, settling and reporting domestic and international payment transactions. Each payment network determines the types of transactions, payment devices and terminals that are permitted in its respective network. Why: Interested in providing their clients with a set of tools and services that facilitate the secure processing of mobile payment transactions while managing fraud and other losses as efficiently as possible. 3.5 Consumers/Cardholders Who: Consumers are the end-users purchasing goods and services. Why: Interested in having secure and convenient ways to do payments. 3.6 Mobile Payment Application (MPA) Providers Who: Entity that provides the applications that run on the mobile device and tie the mobile device to the site system. Why: Interested in promoting the sale of mobile payment and loyalty solutions and services to merchants and providing mobile payment applications to consumers, including mobile payment software, digital coupons, mobile wallets, remote solutions (e.g., cloud-based and/or using a remote secure server) and networks. They are also interested in the development of standardsbased interfaces to site systems, wallets, and payment networks to ensure secure payment transactions. 3.7 Wallet Providers Who: Providers of software and services that represent a physical wallet, putting debit and credit cards into an application that holds payment credentials through which someone can pay, using the digital version of the debit or credit cards in that person s physical wallet, and linking to the same account, to pay. Why: Interested in promoting the sale and use of wallet solutions to facilitate mobile payment transactions and the security of those transactions U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 6
7 3.8 Mobile Device and Operating System Providers Who: Entities that provide/manufacture mobile devices and/or the operating systems on those devices. Why: Interested in promoting the sale of devices and services for consumers to use in the effective, efficient and secure acceptance of mobile payment transactions, while working to prevent fraud and protect merchant and consumer information. 3.9 Mobile Network Operators Who: Provider of wireless communications services that owns or controls all the elements necessary to sell and deliver services to an end user including radio spectrum allocation, wireless network infrastructure, back haul infrastructure, billing, customer care, provisioning computer systems and marketing and repair organizations. Why: Interested in promoting and expanding the adoption of current and future generations of cellular networks, wireless broadband networks, and cloud-based infrastructure and subscription services, including new strategic initiatives like Internet everywhere, infrastructure as a service, data analytics, and business intelligence services Token Service Providers Who: Entity within the payments ecosystem that provides registered token requestors with surrogate PAN values, otherwise known as payment tokens by managing the operation and maintenance of the token vault, deployment of security measures and controls, and registration process of allowed token requestors. Why: Interested in promoting the sale and use of payment tokens to facilitate mobile payment transactions and the security of those transactions Token Requestor Who: The token requestor is a payment tokenization specific role. Token requestors register with one or more token service providers (TSPs) in order to request payment tokens. Why: Interested in providing integrated TSP and wallet independent services to facilitate secure mobile payments transactions U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 7
8 3.12 Terminal/POS Vendors Who: Entity that provides the site systems to a merchant. Why: Interested in promoting the sale of mobile payment and loyalty enabled solutions and services to merchants U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 8
9 4. Descriptions of Types of Mobile Methods The following describes common communications methods to facilitate a mobile payments transaction at the POS. Transaction Communications Methods Contactless/NFC EMV Contactless MSD Contactless Bluetooth Low Energy (BLE) Bar Code QR Code Magnetic Secure Transmission (MST) In-App M-Commerce Browser Process Description In a contactless mobile payment transaction, the consumer holds the contactless card, device, or mobile phone in close proximity (less than 2-4 inches) to the terminal and the payment account information is communicated wirelessly (via radio frequency [RF]). An NFC contactless mobile payment transaction where a contactless EMV transaction, as specified by EMVCo, is performed. A contactless mobile payment transaction where data in a magnetic stripe format is communicated to the POS terminal. A contactless mobile payment transaction where a mobile device uses Bluetooth to communicate to a Bluetooth sensor connected to the POS In a mobile payment transaction using bar codes, a bar code may be generated by the mobile device and scanned at the POS by a barcode reader that is built in or connected to the POS or the POS may generate a bar code that is scanned by the mobile device. Alternatively, a static bar code (i.e., a sticker) may be scanned by the mobile device. In a mobile payment transaction using QR codes, a QR code may be generated by the mobile device and scanned at the POS or the POS may generate a QR code that is scanned by the mobile device. Alternatively, a static QR code (i.e., a sticker) may be scanned by the mobile device. A proprietary technology implemented in certain mobile phones that uses RF to communicate payment account information via the magnetic-stripe-reader in a POS terminal. To the POS terminal, it appears the same as a magnetic stripe transaction. An in-app mobile payments transaction involves communication between the mobile device and POS system over the Internet, typically facilitated by a mobile payment provider application. Mobile payments transaction through the web browser application on a mobile device U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 9
10 5. Illustrated Stakeholder Interactions The following diagrams provide examples of the high-level overviews of processes involved in the mobile payments ecosystem and examples of stakeholder interactions. There are many different implementations for the various processes. Each diagram only shows one potential implementation, which is not intended to be definitive. 5.1 Token Request Overview PAN PAN Cardholder Mobile Application Wallet Provider Token Request Process Token Request Process Token Request Process Issuer Token Service Provider Token Requestor 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 10
11 5.2 Mobile Transaction Ecosystem NFC Activate Access Access Payment Credentials Cardholder Mobile Application Wallet Mobile Device Payment Token & Cryptogram Payment Token & Cryptogram Payment Token & Cryptogram PAN Token Service Provider Acquirer/ Processor Terminal/ POS Payment Network PAN Issuer 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 11
12 5.3 Mobile Transaction Ecosystem In-App with POS Interaction Activate Access Activate Cardholder Mobile Application Wallet Payment Token Payment Token PAN Token Service Provider Acquirer/ Processor Terminal/ POS Payment Network PAN Issuer 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 12
13 6. Requirements Matrix For all stakeholder groups in mobile payments environments, requirements come from a variety of sources across the stakeholder matrix. This section describes for each stakeholder group, where requirements come from, along with examples of requirements coming from each stakeholder group. 1. Issuers to: 1a Payment Networks Setting up profiles, providing BIN ranges for digitization/personalization based on network rules 1b Consumers Consumer must apply for the product Validate the consumer (identification during onboarding) Terms and conditions to the consumer 1c Token Service Providers Enrollment with TSP, providing BINs, card ranges Rule engine parameters 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 13
14 2. Acquirers to: 2a Merchants Technical interface specification Certification of the solution 2b Mobile Payment Application Providers If card-on-file/in-app solution, technical interface specification 2c Terminal/POS Vendors Technical interface specification 3. Merchants to: 3a Acquirers Custom requirements 3b Cardholders Education, signage, communication 3c Mobile Payment Application Providers Functional specifications/requirements 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 14
15 3d Terminal/POS Vendors Functional specifications/requirements 4. Payment Networks to: 4a Issuers Message format specification containing required data elements for mobile payments; specifications, operating rules, policies, and testing and certification requirements 4b Acquirers/Processors Message format specification containing required data elements for mobile payments; specifications, operating rules, policies, and testing and certification requirements 4c Merchants Operating rules and policies Technical specifications 4d Token Service Providers 4e Terminal/POS Vendors Technical specifications, AID selection, kernel configuration, testing and certification requirements, other requirements 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 15
16 5. Cardholders/Consumers to: 5 All Solution must be easy, secure, relevant (usability, security, experience). Acceptance of terms and conditions. 6. Mobile Payment Application Providers to: 6a Acquirers/Processors Testing and certification requirements 6b Merchants Operating instructions, technical requirements to enable payment application 6c Cardholders Operating instructions, terms and conditions, 6d Token Requestors Use case requirements for life cycle management and payment transaction methods (POS, ecommerce, in-app) 6e Terminal/POS Vendors Technical requirements to enable payment application, 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 16
17 7. Wallet Providers to: 7a Issuers Negotiation on terms, conditions and functionality, subject to specific implementations and may vary by state 7b Acquirers/Processors Testing and branding requirements 7c Merchants Technical requirements for loyalty and other value-added functions; branding and marketing requirements 7d Cardholders/Consumers Terms and conditions to the cardholder 7e Token Service Providers Technical specifications (how to interface with the wallet). Includes MPA requirements. 8. Mobile Device and OS Providers to: 8a Issuers Consumer experience and expectations 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 17
18 8b Mobile Payment Application Providers Technical specifications on how to create an application 8c Wallet Providers Technical specifications and general security requirements 8d Token Requesters Device payment credential storage capabilities 9. Mobile Network Operators to: 9a Mobile Device and OS Providers Technical and business requirements on how to put a mobile device on a network 10. Token Service Providers to: 10a Issuers Technical requirements on tokenization; requirements for authentication (e.g., identification and verification (ID&V), onboarding of user), and lifecycle management 10b Acquirers/Processors (if global networks) Interfacing with the TSP, payment and debit networks, and token BIN ranges 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 18
19 10c Payment Networks (if debit networks) Interfacing with the TSP, payment and debit networks, and token BIN ranges 10d Wallet Providers Interfacing with the TSP and token BIN ranges 10e Token Requesters Registration requirements, terms and conditions, certifications, and technical requirements/apis 11. Token Requester to: 11a Mobile Payment Application Providers Security requirements, credential storage implementation requirements, technical requirements/apis 12. Terminal/POS Vendors to: 12a Mobile Payment Application Providers Technical requirements to enable payment application; alignment on QR codes; other requirements 2018 U.S. Payments Forum and Smart Card Alliance. All rights reserved. Page 19
Testing & Certification Terminology
Testing & Certification Terminology Version 1.0 Date: May 2017 U.S. Payments Forum 2017 Page 1 About the U.S. Payments Forum The U.S. Payments Forum, formerly the EMV Migration Forum, is a cross-industry
More informationIs Your Organization Ready for the EMV Challenge?
Is Your Organization Ready for the EMV Challenge? Suzanne Galvin Director of Product Management Elan Financial Services Jeff Green Director of the Emerging Technologies Advisory Service Mercator Advisory
More informationTokenization April Tokenization. Gregory H. Soule, CPA, CISA, CISSP, CFE Senior Manager. Andrews Hooper Pavlik PLC
ization Gregory H. Soule, CPA, CISA, CISSP, CFE Senior Manager Andrews Hooper Pavlik PLC 1 Agenda and Implementation EMV, Encryption, ization Apple Pay Google Wallet Recent Trends Resources Agenda and
More informationEMV Terminology Guide
To make life easier, TMG has compiled some of the most commonly used EMV terms in this guide. If you have questions about EMV, contact your Director of Client Relations directly or email clientrelations@themebersgroup.com.
More informationEMV: Facts at a Glance
EMV: Facts at a Glance 1. What is EMV? EMV is an open-standard set of specifications for smart card payments and acceptance devices. The EMV specifications were developed to define a set of requirements
More informationEnsuring the Safety & Security of Payments. Faster Payments Symposium August 4, 2015
Ensuring the Safety & Security of Payments Faster Payments Symposium August 4, 2015 Problem Statement: The proliferation of live consumer account credentials Bank issues physical card Plastic at point
More informationIn this Document: EMV Payment Tokenisation Payment Account Reference (PAR) FAQ EMV Payment Tokenisation Technical FAQ
In this Document: EMV Payment Tokenisation General FAQ EMV Payment Tokenisation Payment Account Reference (PAR) FAQ EMV Payment Tokenisation Technical FAQ EMV Payment Tokenisation General FAQ 1. What is
More informationQuick Guide. Token Service Provider
Quick Guide Token Service Provider 1 Introduction to Mobile Payments The mobile payments revolution is here! Driven by the development of near field communication (NFC) enabled smartphones, the launch
More informationThe Future of Payment Security in Canada
The Future of Payment Security in Canada October 2017 1 Visa Canada Public The Future of Payment Security in Canada Notices Forward-Looking Statements This presentation contains forward-looking statements
More informationQuick Guide. Token Service Provider
Quick Guide Token Service Provider Introduction to Mobile Payments The mobile payments revolution is here! Driven by the development of near field communication (NFC) enabled smartphones, the launch of
More informationTokenization: What, Why and How
Tokenization: What, Why and How 11/5/2015 UL Transaction Security 2011 Underwriters Laboratories Inc. We have EMV why do we need tokenization? From Magstripe Merchant Signature Issuer Magstripe Risk Management
More informationEMV Chip Cards. Table of Contents GENERAL BACKGROUND GENERAL FAQ FREQUENTLY ASKED QUESTIONS GENERAL BACKGROUND...1 GENERAL FAQ MERCHANT FAQ...
EMV Chip Cards FREQUENTLY ASKED QUESTIONS Table of Contents GENERAL BACKGROUND...1 GENERAL FAQ...1 4 MERCHANT FAQ...5 PROCESSOR/ATM PROCESSOR FAQ... 6 ISSUER FAQ... 6 U.S.-SPECIFIC FAQ...7 8 GENERAL BACKGROUND
More informationTechnology Developments in Card-Based Payments WACHA Payments 2013
Technology Developments in Card-Based Payments WACHA Payments 2013 April 9, 2013 The information contained on these slides is considered the Confidential & Proprietary Information of Two Sparrows Consulting,
More informationOptimizing Transaction Speed at the POS
Optimizing Transaction Speed at the POS Version 3.0 Date: October 2017 U.S. Payments Forum 2017 Page 1 About the U.S. Payments Forum The U.S. Payments Forum, formerly the EMV Migration Forum, is a cross-industry
More informationContactless Toolkit for Acquirers
MASTERCARD AND MAESTRO CONTACTLESS PAYMENTS Contactless Toolkit for Acquirers DECEMBER 2016 19.7% The Global Contactless Payment Market is poised to grow at a CAGR of around 19.7% over the next decade
More informationUnderstanding the 2015 U.S. Fraud Liability Shifts
Understanding the 2015 U.S. Fraud Liability Shifts Version 1.0 May 2015 Some U.S. payment networks are implementing EMV fraud liability shifts effective October 2015. With these liability shifts fast approaching,
More informationU.S. EMV Migration Update. A joint presentation from Citizens Commercial Banking and Worldpay
U.S. EMV Migration Update A joint presentation from Citizens Commercial Banking and Worldpay Mike Phelps National Director Convenience & Retail Fuel Finance Holly Fengler Vice President National Customer
More informationVisa Minimum U.S. Online Only Terminal Configuration
Visa Minimum U.S. Online Only Terminal Configuration Intended Audience This document is intended for U.S. merchants, acquirers, processors and terminal providers who are planning deployments of EMV chip
More informationHCE Driving NFC: From Idea to Reality to Ubiquity. Mobey Day October 7/8, 2014
HCE Driving NFC: From Idea to Reality to Ubiquity Mobey Day October 7/8, 2014 M-PAYMENTS & NFC ADOPTION? 2 WHY SO SLOW? The trend towards mobile has set in everywhere else Contactless card use and acceptance
More informationEMV and Educational Institutions:
October 2014 EMV and Educational Institutions: What you need to know Mike English Executive Director, Product Development Heartland Payment Systems 2014 Heartland Payment Systems, Inc. All trademarks,
More informationTHE ADOPTION OF EMV TECHNOLOGY IN THE U.S. By Guy Berg Global Industry Sales Consultant Datacard Group
THE ADOPTION OF EMV TECHNOLOGY IN THE U.S. By Guy Berg Global Industry Sales Consultant Datacard Group Abstract: Visa Inc. and MasterCard recently announced plans to accelerate chip migration in the United
More informationEffective Communication Practices for U.S. Chip Migration. Communication & Education Working Committee June 2014
Effective Communication Practices for U.S. Chip Migration Communication & Education Working Committee June 2014 About the EMV Migration Forum The EMV Migration Forum is a cross-industry body focused on
More informationEMV Basics and the market
EMV Basics and the market What is a smartcard? 1 2 3 4 5 2 What is EMV? EMV is the globally adopted international standard for adding a chip on a payment card A chip is a small computer built into the
More informationATM Webinar Questions and Answers May, 2014
May, 2014 Debit Network Alliance LLC (DNA) is a Delaware Limited Liability Company currently comprised of 10 U.S. Debit Networks and open to all U.S. Debit Networks. The goal of this collaborative effort
More informationEMV 3-D Secure Press Kit Q&A
EMV 3-D Secure Press Kit Q&A 1. What is EMV 3-D Secure? EMV Three-Domain Secure (3DS) is a messaging protocol that enables frictionless consumer authentication and the ability for consumers to authenticate
More informationTHE FUTURE OF TRANSACTING
1 Payments - Create and Protect Recurring Revenue Opportunities THE FUTURE OF TRANSACTING The Future is Genius SuperDeck Creative v.1 10.22.2015 Who are we? 2 Our payment solutions enable businesses to
More informationAgenda. What is EMV. Chip vs Mag Stripe. Benefits of EMV. Timeframes & Liability Shift. Costs. Things to consider. Questions
EMV Chip Cards Agenda What is EMV Chip vs Mag Stripe Benefits of EMV Timeframes & Liability Shift Costs Things to consider Questions 2 What is EMV EMV was named for the developers Europay, MasterCard and
More informationPayPass M/Chip Requirements. 3 July 2013
PayPass M/Chip Requirements 3 July 2013 Notices Following are policies pertaining to proprietary rights, trademarks, translations, and details about the availability of additional information online. Proprietary
More informationEMV for Merchants and Merchant Acquirers: U.S. Migration Considerations. Smart Card Alliance Webinar October 6, 2011
EMV for Merchants and Merchant Acquirers: U.S. Migration Considerations Smart Card Alliance Webinar October 6, 2011 Introductions Randy Vanderhoof Executive Director -- Smart Card Alliance 2 Who We Are
More informationCard Payment acceptance at Common Use positions at airports
Card Payment acceptance at Common Use s at airports Business requirements Version 1, published in June 2016 Preamble Common Use (CU) touchpoints (self-service s such as self-service kiosks or bag drops,
More informationRuPay Contactless Ideathon (1.2)
RuPay Contactless Ideathon (1.2) Table of Contents CONTACTLESS PAYMENTS... 3 EXECUTIVE SUMMARY... 3 2.1 Objectives of RuPay Contactless... 4 2.2 Product Description... 4 2.3 Benefits Of RuPay Contactless...
More informationCard Payments Roadmap in the United States: How Will EMV Impact the Future Payments Infrastructure?
Card Payments Roadmap in the United States: How Will EMV Impact the Future Payments Infrastructure? A Smart Card Alliance Payments Council White Paper Publication/Update Date: January 2013 Publication
More informationFrequently Asked Questions for Merchants May, 2015
EMV Frequently Asked Questions for Merchants May, 2015 Copyright 2015 Vantiv, LLC. All rights reserved. *EMV is a registered trademark in the U.S. and other countries, and is an unregistered trademark
More informationEMV FAQ S FROM A MERCHANT S PERSPECTIVE
EMV FAQ S FROM A MERCHANT S PERSPECTIVE WHAT IS EMV? EMV, or Europay MasterCard Visa, is a fraudreducing technology that can help protect issuers, merchants and consumers against losses from the use of
More informationElectronic Payments in US
Electronic Payments in US November 16th, 2014 Outline 1 Definitions 2 Current Card Payment Ecosystem 3 EMV & New Regulations in Future 4 Contactless Payments 4 New Security Methods 5 Hardware vs. Software-Based
More informationVisa Digital Solutions. Rocio Beckham Community Issuers
Visa Digital Solutions Rocio Beckham Community Issuers Notice of Confidentiality This presentation is furnished to you solely in your capacity as a customer of Visa and/or participant in the Visa payments
More informationEMV A Chip Off the New Block
EMV A Chip Off the New Block WACHA Taking Flight With Payments March 18, 2014 Paul Tomasofsky President, Two Sparrows Consulting Paul@TwoSparrowsConsulting.com (201) 930-9551 Christa Addy Product Manager,
More informationOpen Payment Fare Systems
Conduent Public Sector Public Mobility and Transportation Solution Open Payment Fare Systems Save money through operational efficiencies. Open Payment Fare Systems Save money and allow transit agencies
More informationFinding the Best Route for EMV in the US
Finding the Best Route for EMV in the US 1/23/2013 Exploring EMV Implementation Strategies that Preserve Network Routing Options and Satisfy Government Regulations ABSTRACT Recently the Debit Working Committee
More informationEMV: The Race Is On! September 24, 2013
EMV: The Race Is On! September 24, 2013 Bill Thomas Vice President, Member Operations United Nations Federal Credit Union Leanne Phelps Senior Vice President, Card Services State Employees Credit Union
More informationSecuring Card Payments Challenges & Opportunities. Julie Hanson Senior Vice President, Card & Payment Products ICBA Bancard & TCM Bank, NA
Securing Card Payments Challenges & Opportunities Julie Hanson Senior Vice President, Card & Payment Products ICBA Bancard & TCM Bank, NA Agenda Securing Payments Landscape Chip Technology Tokenization
More informationE M V O V E R V I E W. July 2014
E M V O V E R V I E W July 2014 A G E N D A EMV Overview EMV Industry Announcements EMV Transaction Differences, What to Expect Solution Decisions Market Certification Considerations Questions 2 E M V
More informationOctober is Here: Are Issuers, Merchants & Consumers Ready for EMV?
October is Here: Are Issuers, Merchants & Consumers Ready for EMV? Moderator: Claudia Swendseid Federal Reserve Bank of Minneapolis Panelists: Terry Dooley SHAZAM Bob Van Liere PREMIER Bankcard Navigating
More informationEMV in the U.S. Liability shift; what does this mean for the U.S.?
EMV in the U.S. Liability shift; what does this mean for the U.S.? Questions and answers What the liability shift really means with regards to costs, risks and benefits. Fraud is on the rise in the U.S.
More informationA Conversation with Visa on Consumer Debit Growth Connie Davis FIS Global Retail Payments Greg Borchardt Visa Consumer Debit Products
A Conversation with Visa on Consumer Debit Growth Connie Davis FIS Global Retail Payments Greg Borchardt Visa Consumer Debit Products May 2017 Visa Notice of Confidentiality This presentation is furnished
More informationSeeds of Change in Debit
Seeds of Change in Debit The 2016 Debit Issuer Study MEDIA EXHIBITS Study Overview The Debit Issuer Study is the definitive assessment of U.S. debit market 2016 Debit Issuer Study is the 11th edition of
More informationEMV: Frequently Asked Questions for Merchants
EMV: Frequently Asked Questions for Merchants The information in this document is offered on an as is basis, without warranty of any kind, either expressed, implied or statutory, including but not limited
More informationLeveraging Data Security Technology. October 19 th 9:15 AM
Leveraging Data Security Technology October 19 th 9:15 AM Presenters Moderator Linda Toth Director of Standards Conexxus, Inc. Speakers Kara Gunderson POS Manager CITGO Petroleum Corp Mike Lindberg Payment
More informationDates Visa MasterCard Discover American Express. Acquirers, subprocessors. support EMV. International ATM liability shift 2
Network Updates Winter 2015 We are committed to working closely with you on achieving your business goals. As a part of this commitment, we carefully monitor Network changes and summarize them for your
More informationTechnologies for Payment Fraud Prevention: EMV, Encryption and Tokenization
A SMART CARD ALLIANCE PAYMENTS COUNCIL WHITE PAPER Technologies for Payment Fraud Prevention: EMV, Encryption and Tokenization Publication Date: October 2014 Publication Number: PC-14002 Smart Card Alliance
More informationEMV Implementation Guide
iqmetrix Payment Processing 12/18/2014 EMV Implementation Guide 1-866-iQmetrix www.iqmetrix.com Table of Contents 1. Introduction... 2 2. What is EMV?... 2 3. How is a chip card different?... 2 4. How
More informationPayment Digitalization and the University Smart Card
Payment Digitalization and the University Smart Card Payment Digitalization and the University Smart Card 1 EVOLVING LANDSCAPE 2 PAYMENTS CONVERGENCE 3 PARTNERSHIP APPROACH 2 1 There are two rapidly evolving
More informationThe Changing Landscape of Card Acceptance
The Changing Landscape of Card Acceptance Troy Byram Vice-President Sr. E-Receivables Consultant February 6, 2015 Agenda EMV (Chip and Pin) PCI Compliance and Data Security New Regulations for Municipalities
More informationA Merchant s Path to EMV Understanding Impacts To Your Business
A Merchant s Path to EMV Understanding Impacts To Your Business Georgia Fiscal Management Council June 23, 2015 EMV is a registered trademark in the U.S. and other countries, and an unregistered trademark
More informationEMVCo: Operating Principles
EMVCo: Operating Principles This document provides an overview of EMVCo s operating principles, including its governance, operations and the role of EMV Specifications in the wider payments community.
More informationRevolutionize Your Business with Harbortouch
Revolutionize Your Business with Harbortouch Swipe Card Regardless of the business you are in, Harbortouch has the ideal processing solution for you. Allow Harbortouch to demonstrate why our company is
More informationADDING VALUE TO SECURITY. How Issuers Can Leverage Tokenization to Capture New Revenue-Generating Opportunities. firstdata.com
A First Data Position Paper ADDING VALUE TO SECURITY How Issuers Can Leverage Tokenization to Capture New Revenue-Generating Opportunities firstdata.com Introduction The payments world is undergoing a
More informationI N T E R A C. The Faster, More Convenient Way. Small Value Purchases
I N T E R A C I S S U I N G F L A S H The Faster, More Convenient Way to Securely Accept Payment For Small Value Purchases Trade-mark of Interac Inc. (Everlink Payment Services Inc.) authorized user of
More informationFirst Data Output Services Providing Additional Support For Your Customers
First Data Output Services Providing Additional Support For Your Customers Your customers demand more personalized, convenient services. 10% 7X 37% 55% Increase in customer retention results in a 30% increase
More informationWhen the hard-to-reach become your preferred customers. Finc / the offering which addresses financial inclusion challenges
When the hard-to-reach become your preferred customers Finc / the offering which addresses financial inclusion challenges Powering the Financial Inclusion revolution Today, 75% of the world s population
More informationEMV * Contactless Specifications for Payment Systems
EMV * Contactless Specifications for Payment Systems Book A Architecture and General Requirements Version 2.6 March 2016 * EMV is a registered trademark or trademark of EMVCo LLC in the United States permitted
More informationEMV is coming. Here s how to stay ahead of the trend. Presented by CO-OP Financial Services
EMV is coming. Here s how to stay ahead of the trend. Presented by CO-OP Financial Services October 25, 2012 Agenda What EMV is and how it works U.S. and global adoption Impact to the payments ecosystem
More informationSecure Remote Payment Council (SRPc) White Paper Discussion: EMV Enhancements Post Implementation September 13, 2016
Secure Remote Payment Council (SRPc) White Paper Discussion: EMV Enhancements Post Implementation September 13, 2016 Objective This white paper is the fifth in the series developed by the Secure Remote
More informationTopics. First Data and STAR Network overview. Competitive advantage. Fraud in emerging payments. Fraud innovation what s coming
Todd Clark Topics First Data and STAR Network overview Competitive advantage Fraud in emerging payments Fraud innovation what s coming 2 Introducing Todd Clark Background Entrepreneur Core Data Resources
More informationHot Topics in Payments Cornerstone CU League Small CU Committee July 9, 2014
Hot Topics in Payments Cornerstone CU League Small CU Committee July 9, 2014 Matt Davies, AAP, CTP, CPP Federal Reserve Bank of Dallas 1 Mobile Banking Constant development cycle Online banking customer
More informationCards on the table! Bernd Filsinger Payment Technology Services Lead Client Support Services, Europe region
Cards on the table! Bernd Filsinger Payment Technology Services Lead Client Support Services, Europe region Notice of confidentiality This presentation is furnished to you solely in your capacity as a
More informationEMV: GET READY. Michelle Thornton, CO-OP Financial Services
EMV: GET READY Michelle Thornton, CO-OP Financial Services EMV Technology EMV and Chip Used Interchangeably In essence it replaces the functionality of magstripe with a computer chip making it nearly impossible
More informationProxama PIN Manager. Bringing PIN handling into the 21 st Century
Proxama PIN Manager Bringing PIN handling into the 21 st Century I am not a number I am a free man So said the The Prisoner in that 1960s cult TV show, but Personal Identification Number, or PIN, was adopted
More informationEMV is coming. But it s ever changing.
EMV is coming. But it s ever changing. March 26, 2013 Presented By MICHELLETHORNTON Senior Product Manager CO-OP Financial Services RYANZILKER B2B Marketing Manager CO-OP Financial Services Today s Agenda
More informationAdapting to Mobile Wallets: The Consumer Experience
Adapting to Mobile Wallets: The Consumer Experience Susan M. Pandy, Ph.D. and Marianne Crowe Federal Reserve Bank of Boston June 16, 2017 (Revised) Susan Pandy is Director and Marianne Crowe is the Vice
More informationWill US EMV Migration Impact Acquiring Worldwide?
4 th PSE Merchant Acquiring Conference Will US EMV Migration Impact Acquiring Worldwide? London, November 27 th, 2014 Gérard de Moura 20141127-PSE Acquiring Conf-US EMV Migration-v1 About Galitt Key Figures
More informationMAKE WAY FOR THE EMV CREDIT CARD. What You Need to Know for a Smarter POS Strategy.
MAKE WAY FOR THE EMV CREDIT CARD What You Need to Know for a Smarter POS Strategy. TABLE OF CONTENTS 1 2 4 A Quick Summary EMV Background POS Hardware/Software Considerations 7 EMV s Benefits to Your Business
More informationEMV Adoption in the U.S.
EMV Adoption in the U.S. What you need to know about the outcome of EMV adoption in other countries and the implications for adoption in the U.S. Table of Contents Introduction [3] What is EMV? [4] The
More informationEMV Adoption. What does this mean to your ATMs?
EMV Adoption What does this mean to your ATMs? June 2013 Presented By MICHELLETHORNTON Senior Product Manager CO-OP Financial Services TERRYPIERCE Senior Product Manager CO-OP Financial Services Today
More informationHCE E-Book HOST CARD EMULATION: NFC S MISSING LINK
HCE E-Book HOST CARD EMULATION: NFC S MISSING LINK HOST CARD EMULATION: NFC S MISSING LINK Contents Executive Summary 3 1. What is HCE? 5 2. Implementation options 11 3. HCE & security: tokenization 12
More informationEvaluating Processing Infrastructure, Support & Costs
Evaluating Processing Infrastructure, Support & Costs Leveraging Changes in Technology for Improved Customer Experience & Profits Transactions are the lifeblood for convenience stores. From the customers
More informationGemalto Consulting Services. Take control of your smart card implementation
Gemalto Consulting Services Take control of your smart card implementation FINANCIAL SERVICES & RETAIL > SERVICE ENTERPRISE INTERNET CONTENT PROVIDERS PUBLIC SECTOR TELECOMMUNICATIONS TRANSPORT Gemalto
More informationAconite Smart Solutions
Aconite Smart Solutions PIN Management Services Contents PIN MANAGEMENT... 3 CURRENT CHALLENGES... 3 ACONITE PIN MANAGER SOLUTION... 4 OVERVIEW... 4 CENTRALISED PIN VAULT... 5 CUSTOMER PIN SELF SELECT
More informationCanada EMV Test Card Set Summary
Canada EMV Test Card Set Summary.90 January, 2018 Powered by Disclaimer Information provided in this document describes capabilities available at the time of developing this document and information available
More informationDELIVER A TRULY DIGITAL WALLET EXPERIENCE. Powering customer engagement and business growth. Finacle Digital Wallet Solution
DELIVER A TRULY DIGITAL WALLET EXPERIENCE Powering customer engagement and business growth Finacle Digital Wallet Solution The universal adoption of smart phones has opened up a ubiquitous channel which
More informationTop 5 Facts Merchants Need To Know About EMV
Top 5 Facts Merchants Need To Know About EMV June, 2015 Lindsay Breathitt, Product Marketing Steve Cole, Product Management Why EMV, Why Now Agenda U.S. market update EMV Top 5 EMV facts Understanding
More information1.9 billion. contactless Toolkit for financial institutions ADDING CONTACTLESS. MasterCard and Maestro Contactless
MasterCard and Maestro Contactless contactless Toolkit for financial institutions 1.9 billion AN ESTIMATED 1.9 billion CARDS WILL BE USED FOR CONTACTLESS PAYMENTS GLOBALLY IN 2018. * ADDING CONTACTLESS
More informationNayax 24 Raoul Wallenberg St., Building A1, 4th floor, Tel Aviv, 69719, Israel Tel:
Nayax 24 Raoul Wallenberg St., Building A1, 4th floor, Tel Aviv, 69719, Israel Tel: +972-3-7694380 info@nayax.com www.nayax.com Unattended Payment Solution Nayax specializes in the unattended market. Developing
More informationEMV: Coming Soon to a Card Near You
Julie Conroy EMV: Coming Soon to a Card Near You Page 2 This presentation is the work of its author who is solely responsible for its contents. First Data Corporation and its subsidiaries and affiliates
More informationAre We at a Contactless Inflection Point?
Are We at a Contactless Inflection Point? George Peabody Mercator Advisory Group CTST 2009 1 Are We at a Contactless Inflection Point? Agenda Where We Are: Contactless in the Wider Context The Trouble
More informationjhapassport EMV Update:
jhapassport EMV Update: Your Questions Answered Presented by Keri Crane September/October 2015 Dates contained in this document are provided as estimates only and can be changed at any time at the sole
More informationMastercard Engage Directory for Digital Wallets
Mastercard Engage Directory for Digital Wallets 17 October 2017 MDGVD Contents Contents Chapter 1: Directory for Digital Wallets...3 Introduction... 4 Partner Level... 4 Disclaimer... 5 Directory... 6
More informationEMV & Fraud POS Fraud Mitigation Tips for Merchants First Data Corporation. All Rights Reserved.
EMV & Fraud POS Fraud Mitigation Tips for Merchants EMV Information Merchants may see an increase in Card-Not-Present Fraud as a result of the new EMV standards. Help protect your business from fraud risk
More informationDigital Banking BPC s Vision
Digital Banking BPC s Vision MEXICO CLIENT CONFERENCE 2017 BPC Banking Technologies 2017 Mexico City bpcbt.com Topics 1 Future of banking 2 Global digital innovation market trends 3 BPC Vision 4 BPC Solution
More informationProcedural Guidelines RuPay QR code
Procedural Guidelines RuPay QR code Version 1.0 Version 1.0 Page 1 of 8 Amendment History Sr. Version number Summary of Change Change Month & Year 1 1.0 Initial Version Feb 2017 2 3 Version 1.0 Page 1
More informationPinless Transaction Clarifications
Pinless Transaction Clarifications April, 2017 Agenda Definition Level Set Application Selection Overview and Scenario Explanation EMV No CVM PIN Bypass Debit Expansion Programs PINless POS Product Signature
More informationJTC Resource Bulletin. EMV and Credit Card Liability: What Courts Need to Know
JTC Resource Bulletin EMV and Credit Card Liability: What Courts Need to Know Adopted December 5, 2014 Abstract Nearly every country in the world uses the global standard called EMV (short for Europay,
More informationTHE NEXT EVOLUTION IN COMMERCE: INVISIBLE PAYMENTS
THE NEXT EVOLUTION IN COMMERCE: INVISIBLE PAYMENTS WHAT THIS SHIFT MEANS FOR CONSUMERS AND THE COMPANIES THAT SERVE THEM A White Paper by i2c, Inc. 1300 Island Drive Suite 105 Redwood City, CA 94065 USA
More informationCard Technology. November 6, 2017 / Jennifer Baur, Conduent & Jamie Topolski, Fiserv
Card Technology November 6, 2017 / Jennifer Baur, Conduent & Jamie Topolski, Fiserv 1 Recent USAToday Headline: Wisconsin company to install rice-sized microchips in employees 1 Welcome to the future?
More informationSecuRe Pay recommendations for the security of mobile payments
ECB-PUBLIC FINAL SecuRe Pay recommendations for the security of mobile payments Stephanie Czák Senior Market Infrastructure Expert European Central Bank ETSI/EC Collaborative Ecosystem for M-Payments Workshop
More informationInvestigating the myths and realities of contactless payment
Investigating the myths and realities of contactless payment Questions & Answers There has been much recent coverage in the media (press, web, blogs.) about the perceived security vulnerabilities of contactless
More informationExpanding to New Verticals
Expanding to New Verticals Mobile Card Product and Feature Suite Dave Abouchar, Director New Mobile Products Krishna Rajamani, Mobile Product Manager April 12, 2017 Agenda 1. Introduction 2. Credit Card
More informationMinimizing the Impact of EMV & Churn on Your Subscription Business
Minimizing the Impact of EMV & Churn on Your Subscription Business Powering Subscription Success The Impact of EMV Technology If you re a merchant in particular, if your business is primarily online and
More informationModular Components. Superior Technology. Flexible Software
Modular Components Superior Technology Flexible Software SINGLE-SPOT GUIDANCE SYSTEM LICENSE PLATE RECOGNITION SMARTPARK SOFTWARE SMART RENTAL SOFTWARE EXIT VERIFIER PAY-ON-FOOT TICKET DISPENSER CASHIER
More informationPIN Issuance & Management
PIN Issuance & Management From PIN selection to PIN verification Card issuers and merchants know they can put their trust in MagTek. Whether meeting the growing need for instant, in-branch card and PIN
More information